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Fears pound may sink below euro; business briefing.

THE pound could sink below parity with the euro, an economic forecaster has warned.

The Centre for Economics and Business Research (CEBR) said the UK economy was walking "five yards away from the edge of the cliff" and could be toppled by an "unexpected gust". Chief executive Douglas McWilliams said currency markets were currently betting on a Conservative general election victory and tougher action to address the UK's deficit - but if Labour showed signs of narrowing the gap, the pound could plunge.
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Title Annotation:Business
Publication:Coventry Evening Telegraph (England)
Date:Dec 29, 2009
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